RE: Of course you wouldn't understand

Posted on: December 8, 2017 at 14:39:23 CT

One place where corporate tax incentives are directed is toward the expensing of research and experimental expenditures, where an estimated $4.9 billion will be spent by the federal government during fiscal year 2013. According to the Internal Revenue Service, research and experimental expenditures are defined as “reasonable costs you incur in your trade or business for activities intended to provide information that would eliminate uncertainty about the development or improvement of a product.” There is no reason why this research needs to be subsidized by the federal government, and the government decreasing the tax burden of particular companies who devote resources toward research and experiments does nothing more than allow the government to show favoritism to particular corporations over others.